APAC

Defining value in digital transformation strategies is considered crucial.

China is also anticipated to become the world's largest luxury market.

About 22% of digital consumers engage in loyalty programmes for exclusive experiences.

However, persistent inflation and supply chain disruptions continue to challenge the industry.

Whilst supporting social and environmental responsibility, Gen Z’s are reluctant to pay extra for these values, the report said.

It extends the partnership for Marc Jacobs branded eyewear until December 2031.

This is part of its commitment to integrating AI technology whilst emphasizing human values.

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.

Their focus has shifted towards perfecting the end-to-end conversational journey.

Sportswear and apparel followed closely as the second and third most active trades, respectively.

These products will reduce the strain on freshwater supply, according to GlobalData.

Asia Pacific remains the fastest-growing region,.

Landlord strength is evident in markets such as Taipei, Bangkok, Singapore, and Vietnam.

Marithé François Girbaud’s rebranding in Korea led to $74m in sales.

Consumer foodservice spending in the region is projected to return to pre-COVID levels in 2024.

Retailers are encouraged to transform their physical stores into entertainment hubs.